Vestmark Advisory Solutions Inc. Buys 618 Shares of TotalEnergies SE (NYSE:TTE)

Vestmark Advisory Solutions Inc. raised its stake in TotalEnergies SE (NYSE:TTE) by 1.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,010 shares of the company’s stock after purchasing an additional 618 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in TotalEnergies were worth $2,224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in shares of TotalEnergies by 2.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 99,102 shares of the company’s stock worth $6,517,000 after purchasing an additional 2,444 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in TotalEnergies by 0.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 97,905 shares of the company’s stock valued at $6,438,000 after acquiring an additional 771 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of TotalEnergies by 3.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 106,259 shares of the company’s stock worth $6,988,000 after acquiring an additional 3,357 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of TotalEnergies by 20.3% in the 3rd quarter. Brown Advisory Inc. now owns 15,082 shares of the company’s stock worth $992,000 after acquiring an additional 2,547 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of TotalEnergies by 34.1% in the 3rd quarter. Lindbrook Capital LLC now owns 4,129 shares of the company’s stock valued at $272,000 after purchasing an additional 1,051 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Up 0.3 %

Shares of NYSE:TTE traded up $0.23 during midday trading on Friday, reaching $71.63. The company’s stock had a trading volume of 744,251 shares, compared to its average volume of 1,386,107. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.97. The firm has a market capitalization of $168.45 billion, a P/E ratio of 8.08, a PEG ratio of 1.78 and a beta of 0.70. The firm has a 50 day moving average of $69.56 and a 200-day moving average of $67.38. The company has a quick ratio of 0.90, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). The business had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. During the same quarter in the previous year, the business posted $2.97 earnings per share. On average, research analysts anticipate that TotalEnergies SE will post 9.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Se Totalenergies acquired 196,964 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the transaction, the director now owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TTE shares. Piper Sandler boosted their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank increased their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.75.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.